Los Angeles daily herald., 1887-07-03

mstf unless the same have been paid for In
Advance. This rule Is infiexiblc
AYERS & LYNCH.
The Advance I'm Re atty values.
The difference between the value OF
realty transfers in this county during
the first six months of this year and
those of the whole of last year denotes
an advance at once interesting and
astonishing. la the whole twelve
months Of 1886 the value of transfers
was, in round numbers, S2S, 600, GOO;
aud in the first six months of this year,
$4l, ,o00.0 900! At the same ratio OF in.
crease. the whole year of 1887 will show
m aggregate of transfers of 100000
600. These figures are reasonably with
in the line of probability. The mere
statement is almost staggering. Yet
it is statement that will
be surely verified if the ratio
of increase for the past six months
be kept up till the Both of December
next. We are aware that the If leaves
room for doubt. But let us see what
signs here are to justify US in anticipat'
ing the realization of this wonderful
staten ent. We are in the midst of the
summer months-usually the dull sea
son; yet the progression in value OF
sales he's steadily gone on, and the month
just closed has surpassed in its returns
those of any other month in the history
of our county. Indeed, the transfers
for June nearly doubled those of any OF
the preceding months. This is signifi-
can't. But let us look at another sigo.
The agents for Eastern roads claim that
they have now over sixty thousand
ne mes booked for Los Angeles this fall.
If that number of names are already
booked, 1t is safe 10 assume that at least
one hundred thousand people will come
here from the East next fall and winter.
A very large percentage of these people
are well fixed as far as means are con-
csrned, and will come here for the pur-
pose Of making investments. Eastern
capitalists have heard the story OF our
wonderful progress and of the advance
in realty values, and are anxious to take
. hand in the money.making opportun.
ities of this marvellous region. The in.
hux of people will accelerate specula-
ton, and competition between the new
comers for lands will send prices ahead
with wonderful alacrity. We who are
disposed to look upon present prices as
exorbitantly high, will probably look
back at them six months hence as
wretchedly low. This, indeed, is the
history of every stage in their advance
for the past five years, and men are
now metaphorically kicking themselves
for their want of foresight and lack of
nerve. The outcome to this section,
and especially to this county, is one OF
those enigmas which any one can solve
who will look forward in the light OF
past experience. Los Angeles county
alone can give splendid homes to mil
lion people. The productive industry
of our county can be made to support
three millions. Is it hazardous to say
that we shall have, in due course OF
time, the population that our productive
industry will support? We think not,
nor do we believe that many years will
elapse before we shall have our full
co implement of population. But it
is not necessary to look forward to
any such density to assure us of land
values far beyond even the highest
prices now obtaining. When this coun-
ty co ntains half or three.quarters of
million OF people realty values will
make present prices look microscopically
small. IL must be remembered that
three. quarters of million OF people in
this county would me an cities where we
now have villages, and a capital teeming
with population where we new write to
sixty thousand. Los Angeles city with
two hundred and fifty thousand inhabit.
snts would present, as far as real estate
values are concerned, wonderful
contrast with the Los Angeles of
the present. New lines of industry will
grow up to give profitable employment
to this vast population, and factories of
all kinds will be established in every
part of the county to supplement the
prof is derived from agriculture. The
rich men of the future are the men of
the present who have faith in the flu
ture, as the rich men of to-day are
those who had faith few years ago.
The pessimists are where they always
have been, and they will be there to
tho aud